Pre IPO price 4p
Opening price on debut 25p
Floatation price 46p to raise 14million to extend Jolly Ranch
Current fair value estimate 114p
Market cap 70.59 million.
Value of Cisco Springs investments 98 million.
Value of Vogel investments 75 million.
Desparado trucking now Nightfox 250,000 for a 50% stake with partner Running Foxes.
Centurion Project Kansas, 150,000 for a 50% stake.
Jolly Ranch Colorado, 40,000 acres cost 356,000 for a 50% stake.
Cash in bank 7.75 million.

As this EPIC opens on AIM today anything could happen. On the one hand you have traders trying to cash in a sixfold profit. You will also have a clambering of traders after shares because, firstly they could only get 75% of their allocation because of demand. Secondly at 25p this company is still way under valued.

All three wells will test the primary target, the Marmaton, as well as other zones. Initial production testing on the three wells, which is expected to take approximately 45 days to complete, will commence in July 2008.

fliper testing is ok but it doen't generate cashflow.

A small bit of research would duly delve out the fact that AT THIS TIME HAWK are in fact producing natural gas. Presumably this will generate cashflow!!!

hushpuppy research shows HAWK has not sold any gas or oil yet hence no cashflow.Spent a lot of our money on buying land maybe they will find some use for it.

its ok hushpuppy, hally aint the best at doing research.....i dont hold this any more but short vterm looks bad for sp....however long term this will be a winner

Are they looking to be taken over one day ?

Yes

Recent bear attack makes current sp look an absolute steal.

Sp drop since that (particularly aggressive) attack has slowed right down of late, culminating in a nice little 10% rise on Friday, so perhaps one to watch closely. An atypical (for Highthawk) quiet period for news during July (that tbh helped the bear attack) seems about to come to an end, with major updates keenly awaited in all projects. There is also an OPC update which is also expected to really push sentiment back high.

Current sp = MAJOR opportunity, imho.

sp only went up on friday!

its been going down most other days for about 2 months

read the post scot... winner of the 'I just bloody said that award'...

2 months? where have you been? thats nonsense!

another fair size drop today....erm gnash, if u look at chart its dropped from 110p to less than 70p in 2 months........maybe u have rose tinted screen

Credit suisse buying again ?

Update on testing due mid aug , maybe see the sp back at 80+

gnash......do u still see this as going up on your screen?

Scotty.I thought you had bombed Walesand shot alI had your alibi set upthousands were prepared to helpover subscribed!

HAWK is showing constant weakness now ... 60p

hi tabby

yes, the thread is a waste of time as its worst thread on this site so i give up as its been trashed by people who aint interested in company.......watch out for another piper alpha to hit news some day in oil world....maybe al will be on it with any luck.....erm, i see he checking sp as he does nothing at work like most oil guys who have nose in trough

al.....stands for alcoholic as he said he drinks like a fish.....probably a fat lager lout from what i experienced in my working life.....and thich as sh?thouse door too

as for bombing wales.....er, waste of time as world has so many other problems like russia etc.......i could send a trident over if you want me to tabby

hey tabby, i just landed a huge job last week......could be my last big pay day before i retire

i thought 50p hyleo

oh lordy lordy lordy .... it's been at the bottle yet again!

now now don't be sarcastic ;-)
The news is taking far longer than I expected, which also interests me more too.
Some on boards elsewhere are promising substantial news, just have to wait and see. Too much fear right now, but the likes of Suisse keep buying regardless, as do I each payday.

If you can think of a more solid medium term investment gas play then I'd like to know.